The Hidden Billions

Multinational tax dodging is starving developing countries of much needed funds for development. Billions of dollars are hidden in tax havens around the world, fuelling inequality and holding back the fight against poverty. Government action to date falls far short of what is needed to tackle this global problem.

spread the world

Thanks for signing!

We'll forward this email to Treasurer Scott Morrison

I'm concerned about the impact of tax dodging by Australian-based multinational corporations – both here and abroad. These corporations are robbing Australians and some of the most vulnerable communities in our region of much needed tax revenue.

I care about the people in developing countries missing out on proper healthcare and education because of these multinationals dodging tax, and I want the Federal Government to demonstrate real commitment to tackling multinational tax dodging.

We've had tough talk, now we need real action. Can you please tell me how the Coalition will commit to closing all tax loopholes and help to end the use of tax havens?

Tax dodging has a real human cost.

Globally, about $172 billion* is ripped out of developing countries due to tax dodging every single year.

Australian-based multinationals contribute about $2.3 billion of this staggering figure.

That's money that should be put into schools, hospitals and live-saving water for kids like Rebecca in Papua New Guinea (pictured).

Secret 'tax havens' lie at the heart of this unfair tax system.

They allow corporations to hide income and wealth offshore, untaxed and out of reach of tax authorities and regulators. They deprive governments of the resources they need to provide vital public services, like health and education, which are necessary to tackle spiralling inequality.

But despite talking tough on tax dodging, neither party has done enough to stop the use of 'tax havens'. The government must close loopholes in legislation that allow multinational corporations to get away with not paying tax here and abroad. Crucial to this is tax transparency – corporations must fully disclose their profits and taxes publicly, for every country in which they operate.

Tell Treasurer Scott Morrison that the current policies don’t go far enough – act now to Make Tax Fair